This month's guest speaker:

 John Bryant BBus (Acc), FCA, FCPA, CMC, MAICD

Financial Director/CFO

Australian Bay Lobster Producers Ltd.

ABLP is a pioneer of land based for 27 years in recirculating aquaculture techniques utilised in the sustainable production of Thenus australiensis (slipper lobster), a species more commonly known as ‘Moreton Bay Bug’ or ‘Bay Lobster’™. Research and development spans 27 years.  ABLP is at the forefront of this industry with joint University/CSIRO research on robotic technology and digital animal scanning applications in land based aquaculture. The 45Ha project is State Significant and construction of our own under seawater intake pipeline is about to commence.

MARKET

Globally, aquaculture has grown at 5.8% since 2010 and has now overtaken wild caught fisheries since July 2018 (Source FAO). Crustaceans represent less than 7% of this market. In Australia the markets are valued at $1.8 billion of which crustaceans only account for 6.2% presenting large opportunities for growth. (source IBISWorld 2020). Global markets are valued at $285 Billion and projected to continue to grow to $378 billion by 2027. The current ABLP focus is on domestic markets until COVID19 border controls relax to service export enquiries in Japan, Korea, Singapore, Hong Kong and USA.

The Company expects to break even by December 2021 and presently has a funds placement offer to sophisticated investors with 5 year convertible coupons bearing 8% and fixed share price conversion.                

It is necessary to register for the meeting by 10:00 am on the Friday before the meeting.